$190 million NYC deal

Tower sold after 7 years' ownership
Published on May 2, 2007

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by CareyBot

KBS Realty Advisors recently sold a 303,139-square-foot office tower in Manhattan, N.Y., for $190 million. Local investor Joseph Moinian, president and CEO of The Moinian Group, purchased the property at 245 Fifth Ave. in the Midtown South submarket. KBS acquired ...